Serbia: Economic sentiment records worst reading since February 2023 in April
Latest reading: Economic sentiment came in at 93.0 in April, down from March’s 94.6. April’s result marked the weakest reading since February 2023. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial, construction and retail sectors. Moreover, consumer confidence weakened in April. That said, confidence in the services sector strengthened.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in April.